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"newsline." shinzo abe is getting down to the business of governing japan for the second time. he says his new cabinet is taking all the challenges the country faces, including a sluggish economy and last year's disaster. abe explained in his news conference his cabinet is designed to overcome the crisis. he says reviving the economy is a top priority. >> translator: a strong economy is the basis of japan's power. reviving a strong economy is essential to japan's future. my cabinet will carry out bold financial policies, well-timed fiscal policies and a strategy to encourage private investment toward economic growth. my cabinet will carry out these economic policies and achieve results. >> are prime minister abe says he and his minister also devote energy to foreign policy. he says they will strengthen diplomatic and security policies. >> translator: we should rebuild our diplomacy to protect our national interests. we are facing many challenges in our relations with china, south korea and even with the united states on which japan's security is based. strengthening japan/ize lie yans is t
. investors are selling yen on the tokyo foreign exchange on speculation policy makers at the bank of japan will agree to an inflation target proposed by the incoming administration. the new prime minister shinzo abe will take up office later in the day. analysts say the b.o.j. will likely further boost its monetary easing measures. the dollar is currently trading at 85.26-31 yen. ai uchida joins us now from the business desk for more on that. so ai, investors have been trading the dollar-yen quite dramatically over the last several weeks. >> that's right, catherine. just a month and a half ago that pair was trading in the mid 79-yen range. almost six whole yen weaker in just six weeks. a dramatic move indeed. so going forward, what can we expect? well, we spoke to disaburo nezo for his outlook. he is a senior executive fellow at fujitsu research institute. >> the yen's future is not so much the weakening but rather i think there would be some counterbalance. that is, already yen current rate, 85 yen per one dollar, is rather reasonable level. i think the japanese exporters have been worryi
resources with them. and it is just like japan, for what they have done. if you read the papers recently, you know, that japan suffered a very harsh earthquake and tsunami a while back. and they could have easily said, that we are victims of a national disaster. but, when the country heard that the debris was crossing international lines, all the way to the west coast, and they did not claim victim. they also said, we could help. and that is why we heard the news of japan donating $5 million to help the west coast also deal with the debris. that is a wonderful, wonderful gesture of humanitarian work. and so it is my honor tonight, that i stand here with council general inamata welcoming him and the symbol of his country and knowing the origins of the origami and knowing that we have his blessing and his country's blessing, and working with us to make the world better. and create more peace to create tolerance and acceptance for everyone and that this will always improve the quality of life for everyone on this planet. and so, it is with that, that i welcome mr. inamata and the council ge
and the earthquake and tsunami in japan and last year, and during hurricane katrina we tributed one mill object pounds of food aid. [ applause ] >> and all of that is coming from the lgbt and friends community. so we work as ambassadors for our community and we help change people's minds and hearts about who we are and what we care about. besides providing humanitarian aid, we try to inspire hope in all of our projects and we have found that hope is really just as important as aid, if not more so. and we have worked with a lot of communities in desperate situations arounded world and we found that providing a little bit of humanitarian aid and a lot of courage and hope it is amazing that people in desperate circumstances can do to improve theirs life. so seven years ago we really have a feeling that in the united states, we really need to increase our hope also. and we decided to do that by creating a global art project, the world, tree of hope. and what you see behind you is a live, 23-foot christmas tree and it is covered with 10,000 pieces of oragami and most of it is white cranes and all of
an example from mexico. >> first, some of the stories making news. japan has a new prime minister, voted in by the lower house of parliament earlier today. his liberal democratic party won by a landslide in polls earlier this month. he has vowed to introduce aggressive monetary policies and says he wants to revise japan's pacifist constitution. >> china has launched the world's longest high-speed rail route. the line between cities is almost 2,900 kilometers long. trains travel an average speed of 300 kilometers per hour, cutting travel time in half to just eight hours. >> floods in malaysia have forced more than 13,000 people to flee their homes. the floods have hit several states of the country's east coast. one woman died after slipping into a swollen river, and forecasters are expecting more rain to fall. >> china's leading producer of rare earth is attempting to shut down some plants in an attempt to stem falling prices. the group will keep some mines and factories closed until the end of january. >> rare earths are crucial in making a broad range of high- tech products. prices have
. and overnight in japan, the nikkei, the yen falling to a 20-month low. you have the nikkei up 1.5%. the nikkei -- yen versus the dollar as shinzo abe returns to office as japan's new prime minister, promising monetary and fiscal reforms. we have the shanghai composite there up about a quarter percent. >>> all right. in today's top stories, the u.s. is five days away from going over the fiscal cliff. president obama is cutting his holiday vacation short, returning to washington tomorrow to continue talks to try to avoid that automatic tax hike and spending cut combination. that's the same day that congress returns to town. before the president left town on friday, he suggested a stopgap measure to freeze tax rates for people making less than $250,000 a year and extend unemployment benefits. reports say white house staffers have been quietly working with senate democrats to come up with a plan to avoid the fiscal cliff, but little progress has been made. >>> a chinese ratings agency is putting the u.s. on negative watch citing troubles with long-term debt issues. on a statement on its web site,
hurt native species so that boat will be taken to the base yard and japan will be contacted to try if find in the owner wants it. >>> the chilling message from a man who shot and killed two firefighters. >>> and the find in the ashes of his burned out home. >>> and did he break the law on air? the journeyist under investigation. well, well, well. growing up, we didn't have u-verse. we couldn't record four shows at the same time. in my day, you were lucky if you could record two shows. and if mom was recording her dumb show and dad was recording his dumb show then, by george, that's all we watched. and we liked it! today's kids got it so good. [ male announcer ] get u-verse tv with a total home dvr included free for life. only $29 a month for six months. rethink possible. snoot dow is up but the nasdaq and s and p are down even though we have the report that showed the home price index better than expected. this fiscal cliff is still making traders nervous. >>> this may turn out to be a disappointing season for retailers. any new report shows retail sales are up just 7 tenths of one
-month high on the notion that the urbanization plan will gain spurs in the housing stocks there. japan, abe confirmed as prime minister there. the seventh prime minister in the past six years. we did see the yen hit a 20-month low against the u.s. dollar. notable lows against the euro as well. the topics in the nikkai the lowest in nine months. >> going back to his old job, that he had back in 2007. strange in and of itself. i wonder how long it will take for people to start talking about netflix after the outage going into christmas eve on social media. they were calling it no flix. and to blame amazon web services, which is one of their huge growth engines. a unit of the company they say is probably a tenth of its eventual size. >> one of the highest growth parts of amazon right now, the web services portion. their amazon is down 1.25%. i don't know if that's the reason. but it was the streaming center in northern virginia that was the source of the netflix outage. it's resolved, though, as far as we know. we don't know what sort of impacting -- >> i waste a vin't a victim, bu sure a lot
arrested ten bodyguards assigned to the sunni finance minister. >> reporter: the parliament of japan has elected shinzo abe as the country's seventh prime minister in six years. abe was sworn in today after being chosen by his conservative-leaning liberal democratic party. the party won power in this month's elections, for the first time since 2009. abe has called for bold measures to bolster japan's ailing economy. he previously served as prime minister from 2006 to 2007. russian lawmakers gave final approval today to a ban on americans adopting russian children. it's part of a series of reactions to a u.s. sanctions law targeting russian human rights abusers. in washington today, a state department spokesman called the ban misguided. and adoption groups in moscow said it would harm children most. >> ( translated ): today we don't have that number of russian families who are willing to adopt, and the children who go to adopted families abroad are the children that russian families wouldn't take. there must be at least five refusals by russian families for the child to go to foreign pare
-bay as japan's new prime minister. >> the rise of his interior at the helm for the left- leaning democratic party of japan and brings back the conservative party. >> he was prime minister in 2006 and 2007. >> and he is expected to name his cabinet later today. >> china has opened the world's largest high-speed rail line. >> it runs nearly 1,500 mi. from the country's capital and the north to guan gzhou, in southern china. >> the lot officially opened early this morning. >> trains on this high speed line will initially run at hundred 86 mi. per hour with a total travel time about eight hours. >> before, the fastest time in two cities by train was more than 20 hours. >> the chinese government plans to build a grid of high-speed railways with forties' was lied to for north-south lines by 2020. >> a veterinarian in the uc davis has some good news about a dog from the philippines became an international hero after sacrificing it's not to say to young girls. >> the dog named kabang appears to have beaten the cancer it was suffering from. kabang ended up in davis' earlier this year after a nurse
," and "lincoln" rounding out the film. les miz opened in japan beating "the hobbit," a far bigger film, and d's jango set a bigger r-rated film record on christmas day. the blood fest vested by a musical, that's got to be hard for qin ton to take. ashley? ashley: that's the power of women. we'll see les miz. dennis, thank you. of course, imax carrying both that and hobbit. it's up 2.5%, and you see the imax, not bad, moving cliesly, but the box office hits gives imax a big boost today, an offshoot of the holiday block buster movie business. closing bell ringing in about 41 minutes, consumer spending, of course, roughly two-thirds of gdp, and the economy is better, how do you play the retailers in the new year? scott of bbc capital markets has a 2013 shopping list, two of them are high players, no doubt, but the other, perhaps available in the counsel with a cheap skin uggs back in demand and ideas in retail. that's up next in a fox business exclusive. ♪ ashley: power mover. welcome back, amazon a weak link on the nasdaq today with shares down 3.67% as you see, making the online retailing gi
. japan's new prime minister making a stunning comeback. >>> as the sound of gunfire rings out in syrian neighborhoods, the country's military police chief has reported defected to the other side. ng. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. ...but he'd wait for her forever, for any reason, and would always be there with the biggest welcome home. for a love this strong, dawn only feeds him iams. compared to other leading brands, it has 50% more animal protein. ...to help keep rocky's body as strong as a love that never fades... if he ever lets her leave again. iams. keep love strong. >>> in syria the military police chief has defected from president assad's government. this video shows a man identified as the official. i want you to take a listen. >> tra
challenge. we haven't seen anything like this since 25 years ago in the japan situation, but it's actually even more significant this time, dan, because really the american job generation machine has slowed down dramatically. and we've let our business environment get less and less efficient. we've let the cost of doing business rise up. we've got -- we're losing many, many more investment decisions and business activities to other countries than we're getting back. and yet, the political debate including the one we're having this morning is really not about the really important things. it's not about skills. it's not about the fundamental structure of reforms we need to make in our budget, our tax system. we're kind of -- we've gotten ourselves into a kind of a short-term day-to-day dialogue. we're not really addressing the real issues. >> a couple things going back to jpmorgan. first of all, we learned time and time that no man, no human being is smarter than the markets. not anybody. that's number one. and number two, with regard to the banks and the size of the bank, we got rid of glas
, a manga from japan, a lot of boys are into. >> what is the storyline. >> about a guy trapped in a hotel room for 15 years and afterwards is given a few days to figure out why he was trapped in the hotel room or he will be killed so it's a psychological thriller, it's very strange, it's different, and spike lee had a huge hit with "inside man" so he knows how to do thrillers. this could be a big hit for him. we have to wait and see. >> for people like me still catching up on the movies of 2012, if you had to pick the top five say that you should try to see not before the end of the year but maybe before the end of january, before the oscars, what should you try to see? >> definitely "the sessions." it's a helen hunt movie and it's a little bit controversial. there's a lot of nude nit it but it's a touching film about a man who is sort of, can he barely move, and he wants to sort of experience sexual relations for the first time and enter helen hunt and it's in her role in the film is much buzzed about and i think it's worth seeing, i'd say "les mis," hugh jackman does a terrific job in t
with his wife. he played for the new york yankees last year and recently signed with a team in japan. >>> shinzo abe has been elected in japan as prime minister. he held the same position six years ago, but resigned because of health problems. he says he's okay now and promised to revive the economy, address japan's debt and create a recovery plan for last last year's earthquake, tsunami, and nuclear disaster. japan's economy sunk into recession two weeks ago. >>> 'tis now the season for gift cards and those returns. shoppers expected to flood the stores again today to return or exchange gifts that don't fit or they tonight want. an analyst tells "the wall street journal" 10% to 15% of coll holliday gifts come back as returns or exchanges. >> i don't have anything to return or exchange but i'm going to go to the store anyway, just to support the economy. because i enjoy it. >>> coming up, president obama heads back to the white house today to work on the ever looming fiscal cliff. can he cut a deal with republicans. >>> and david gregory may be in trouble of the law because of that a
's oil fields direct access to key markets in japan, south korea, taiwan, the philippines, and the usa. >> after six years of construction and around 21 billion euros, the pipeline is complete. russia hopes it will be able to expand sales into the u.s. market. it also wants to sell more into southeast asia. the pipeline goes 2,700 kilometers. oil has been flowing from there to china since 2010. now, the final section has been completed. from there, it can be shipped out. until now, the oil was transported along this last leg by train. that had a limited capacity of 15 million barrels of oil per year. the new pipeline can carry three times that amount. it is part of russia's plan to reduce its reliance on europe, which currently buys about 87% of the country's oil exports. during price talks with europe, russia has also -- often said it would seek other buyers and focus more on asian buyers. >> china's biggest producer of so-called rare earths has suspended output at some of its plants for another month as part of an effort to push up prices. >> rare earths are a group of elements cruci
to safety on the u.s. dollar. japan right now, we just had the election there. we are seeing what they are doing over there. they are devaluating the yen. the reason for that is they need to export. the yen is too strongly priced. their exports aren't going out. so they are doing a good job with that. also we are seeing the british pound - there's not a lot of comfort zone in there right now - we are seeing it come off of the $1.62 range. we are looking at the euro. the euro is definitely probably - "definitely probably" going to break under the $1.30 range, probably by the first week in january is what we are hoping for on that. > what about oil? > > what we saw was oil did break above $90 last week. that is part of the past. what we are looking at now is oil, there is a lot of oil inventory right now. we are 76% above where we were year-to-date last year. so right now what we are looking at is probably in the mid-to-lower $80s, hopefully by the end of this week. that would be sweet at the pump for all of our consumers. > they would love that gary. thanks for bringing that good w
species from japan and china and bamboo and native plants. >> they're trimmed to a human scale so you relate to them on a human level. >> this is one of my favorite sections and you can see the goarnlrous maples by the bamboo back drop and especially beautiful in the fall when the leaves start changing colors. just around the corner from maple lane this little garden is called a zen garden, a dry landscape garden and constructed here in 1953. this was originally designed by zen monks for the ground. their main purpose was to create a trairchg tranquil setting for the monks. this is no ordinary bridge. it's made of redwood, oak and cedar. the high arch style makes it easy to pass under. the newly refurbished tea house is in the center of the gard scpen a great place to eat and chill as you take in the view of the garden. if you wish you can experience the rich cultural tradition that celebrates the preparation of green tea or matcha and your host dressed in the ceremony will demonstrate how to clean the utensils and receive and drink tea with ancient japanese customs. the art of
in 1996-2007. he signed a one-year contract with the eagles of japan's pacific league. a first jack klugman past business even for the second time in as many days hollywood has lost one of the great character actors. a career that spanned six decades, charles durning was known as the king of the character actors. his career was long and varied with memorable roles and classics like "tootsie" and "the muppet movie" all the way to recent shows like "family guide." prior to hollywood he was a decorated world war ii hero who barely lived through the day and was taken prisoner at the ballot -- battle of the bold. his family is planning a burial at arlington national cemetery. tornadoes ripped through parts of alabama, bringing christmas to an abrupt and frightening and. incredible twist is caught on camera. later, a little time spent exercising outside can do more than help shed extra holiday pounds. how the great outdoors can empower your mind. >> after starting out today with snow and ice, we are starting to see a transition to rain. that is good news as the green is starting to creep
markets, looking at japan and maybe trading data coming out later in the day tomorrow, thinking about their cpi number. we're looking at that to see how that's going to affect technology products like the ipads and gadgets and things of that nature. that's going to be huge as a lot of the things we use day-to-day is produced in japan. >> guys, good job. thank you all for joining us as we look ahead to tomorrow. today, a wait and see market since we still don't have any resolution on the cliff and doesn't look like we will for a couple of da
of china, japan, south korea, so what is your feeling, what is meant to have been. did you ask the u.s.. the ec, the south china, the sea of japan is in the 50's, 60's and 70's, all of these countries were internally focused. they were developing their own economies, their own national capacities, you know, their own military is. they're coming on line as a significant power in the 1970's, and it was under him that developed into a significant power. what's happened now is all these countries have developed. and because they have developed, they now have the ability to project power around words into the blue territorial soil that they claim. they didn't have this capacity before. so now we are seeing conflicts about islands in the geographical features that are below water and high tide that we never saw before. people say has everyone gone crazy in east asia? no, every once developed, and now they have military's command there's a conflict in -- and they've developed the navy and air force and there is this conflict and -- there's a conflict of for the geographical space. it's a ba
that christmas is coming. >> that's kind of cute. now, in japan the traditional christmas dinner is not sushi. you will not believe. >> yeah, they love in japan kentucky fried chicken. in fact, it's so popular you need a reservation to eat at kfc on christmas. it's one of those things that when you don't have it you crave it and it becomes such a big -- it's such a big hit. >> this one we're going to try here today. in the czech republic on christmas eve unmarried women practice a traditional fortune-telling method to predict their relationship status for the upcoming year. you stand with your back -- try it, hoda woman. let's do that one. >> i'll do it. >> you stand with your back what? >> facing the door. >> that door? >> and then what do you do? >> don't kill anthony. you toss one of your shoes over your shoulder. watch the lights. >> does this work if you're divorced too? what happens? >> if it lands with the toe facing the door you're going to get married within the year. >> be careful back here. is someone behind me? >> yes. anthony. anthony, careful. >> toward this way. >> where's the
. the center fielder played with the new york yankees last year and recently signed with a team in japan. >>> the city of los angeles is holding its annual gun buyback today, several months ahead of schedule. the buyback program allows anyone to bring in guns and rifles in exchange for gift cards. the event is usually held in may but was changed to today in response to the connecticut school shootings nearly two weeks ago. we'll talk about that buyback program with the los angeles antonio villaraigosa in about 45 minutes. >>> do you have the right to know if your neighbor owns a gun? a new york newspaper says yes. it posted the gun permits in new york counties. each red dot represents a person who has a gun permit. police -- people whose names were posted on this site they're not very happy. we did reach out for a statement from the newspaper, it sent us one "the massacre in newtown, connecticut, remains at top-of-mind for many of our readers. our readers are understandably and keenly interested to know about who owns guns in their neighborhoods." joining me to talk about this is job tha
paint to china, japan, cambodia, vietnam. the driver? >> quality product for one and the second factor is that it's made if the u.s. that's what they seek. that's what they want. it's that quality. >> mike: what kelly moore seeks is the next great break through in paint. odorless, longer lasting, environmentally friendly. strides have been made in almost every area-- except one. >> it can't apply itself. that's something people always want it to do. >> mike: (laughs) >> it's-- a lot of it lately is about ease of application and saving time and time is money. >> mike: the color of money. always a good choice. >> mike: farming is a very difficult business and while technology and large corporate farms have made american agriculture some of the most productive in the world, small family farms are having a very difficult time surviving. unless they become very creative. how much passion, persistence, and profitability can you squeeze into a 15-pound block of cheese? at the petaluma creamery in petaluma, california, not quite enough of the last. why did you buy it? >> i wanted to saving a w
cuts go into a affect. and they hit a 20 month low against the toll lore, japan also swore in a new prime minister and he is promising to drive his country out of inflation. most of the other countries were flat and major european markets remain closed for their extended holiday. here it is on monday, everything was down but futures are moving higher and we are waiting for numbers on the housing market but those are expected to be good. trading volume is still light but the fiscal cliff deadline still approaches. >>> she saved two girls and now some positive news for the hero dog, how her health has improved. >>> and more from the tsunami, the washington shore and we have some concerns about it. >>> and you will wake up while you were sleeping it was sent straight to you and you can get your morning wake-up call by texting 70123. . >>> well check out this boat, it is believed to have washed out to sea during the japanese tsunami. it washed ashore and crabs and mussels also showed up and it's concerned it could hurt native species. they will contact the consulate and they will find o
to play in japan next season. >> a spokesperson for charges to be bush said the former president remains hospitalized as his favor elevates. he was initially being treated for a bronchitis-like cough. he has been put on a liquid diet. doctors are still try to figure out the cause of the fever. he is 88. the oldest living u.s. presidents. >> people in southern alabama are cleaning up after or -- a tornado touched down christmas day. numerous homes were damaged or destroyed and several roads are covering -- are covered with debris. forecasters say the tornado was part of a line of severe storms that swept across the southeast. there have not been any reports of the injury or fatalities. >> your favorite cooking dishes may be a hazard. >> a doubt of every 10 americans homes experience incidents of glass coke were failing including pyrex product. >> i look at the weather from across the country. >> our storm will be winding down. we have another one in the seven-day forecast. here's a look outside. 37 at the airport. weather is next. >> a old were city father says he accidentally dropped his
christmas blessings in 65 languages. >> in japan, residents displaced by the tsunami celebrated their christmas together. they gathered gifts for many like these. many in japan are still living in temporary housing after their homes were destroyed. >> in poland they're calling this the largest mechanical christmas crib in all of europe. it's 52 feet high and contains more than 200 figures. the largest figure being st. joseph standing nearly 6 feet tall and santa was probably enjoying the cooler than normal temperatures in australia. temperatures were in the low 70s. much cooler than normal there, however a few souls braving the less the tropical temperatures even sporting some santa hats, you see all the wind right there but these guys don't seem to mind too much. the holiday spirit being felt across the globe tonight. >> coming up, i'll take you on a sobering tour and talk to one of the residents in the next edition of people behaving badly >>> there's a housing related tax cut that has homeowners attention. it is just day assistsway from expiring. it was established in 2007 in
of land and says the boat carried green mussels to be from japan. officials say on thursday, they plan to go back to the area where the boat was found to see if any of the mussels were dislodged from the boat. >>> in the santa clara valley getting hit again with more heavy rain. you will see another line of showers working their way into the san jose proper area so they were dying down there. there's san jose and this stuff is pretty significant. it's coming down hard. it's a small band but it's powerful band. coming real close here. there's san jose, north first street it's raining real hard. willow glen is going to be raining really hard within the next couple of minutes in your place. campbell you're getting heavy rain. milpitas, you come north and you will see showers up around scott creek road and fremont that's moving off to the east so you're going to start to dry out for a little bit. you move up toward liver mother and sonol and showers are moving in a northeasterly direction. so the showers working their way out. santa cruz up in the hills here you're getting some moderate ra
end stocks. tokyo's nikkei added 1.5% as japan swore in a new prime minister. the shanghai composite was up .25%. investors will return to wall street with concerns over the "fiscal cliff." on monday, before closing for christmas the dow lost 52 points while the nasdaq dropped 8. the white house says the president is cutting its vacation in hawaii short to deal with "fiscal cliff" negotiations. his focus, figure out a plan to avoid the huge spike in taxes and spending cuts set to take effect in 6 days. senate majority leader harry reid is believed to be crafting his own fiscal package including extending the bush- era tax cuts for households making less than $250,000. now, regardless of what happens with the "fiscal cliff," new taxes to help pay for the affordable healthcare act will take effect january 1. but the average american will not really see a difference in his bill to the irs. the wealthiest 2% of americans and the healthcare industry will pick up the majority of the tab. back to you. >> thank you. >>> now, ladies and gentlemen, time for the big story of the day. that is as
have been very strong. china has been strong. mandy, you know, japan has been strong, and the banks have been strong. to me there's an underlying strength to the market when some of the bodyguards have been doing well so i think the market wants to do better. that having been said the fiscal cliff will turn out to be not a maxi deal but a mini deal and will clip the economy not by 1% but a 2% and a 60% chance something will get done but that's where we come out on it right now. a little bit harder hit to the economy. >> don't adjust your sets, everybody. this is what bob sounds like today. >> this is a different exchange here. >> not doing your imitation of david? >> what do you think that the seasonal factors are a major reason why the markets are holding up so well? if you look at the havens, gold, treasuries, for example, the dollar, there's no sign of panic in the haven. >> silver is down. you've seen a little bit of a lift in the vix, closer to 20. that's not bad, a normalization type of thing. treasuries have sold off a little bit. that means the patient is leaving the hospita
of the conservative liberal democratic party. he's japan's seventh prime minister in six years. [ male announcer ] break the grip of aches or arthritis pain with odor free aspercreme. powerful medicine relieves pain fast, with no odor. so all you notice is relief. aspercreme. >>> anytime you leave hawaii, it is too soon. but six days before the fiscal cliff, president obama cutting short his christmas vacation on the off chance he and congress might be able to cut some kind of deal. he left. but brianna keilar is still there in honolulu. when's the president leaving and why does he really expect to avoid the cliff? >> reporter: i will be leaving as well when the president leaves, don. he is expected. he will be leaving tonight. that's local time. so he'll be traveling overnight and arriving back in the d.c. area late thursday morning. as you know, the senate reconvenes tomorrow. so he'll be going back as that is happening. we heard from him last week as he was heading out to hawaii. he said, see you next week. we had a thought that this was probably going to happen. he is officially now going ba
. the surprise attack came after a trend of decreasing violence. >>> japan has a new prime minister this morning. voted in today and immediately began installing a new cabinet. ending three years of liberal administration. a conservative known for supporting big business, he also serves as prime minister in 2006 and 2007. >>> the announcement of the new prime minister drove japanese stock up this morning. amanda drury is live at the new york stock exchange with a look at the u.s. markets. good morning. >> good morning to you, savan h savannah. front and center for the markets and any hint of a deal definitely will bring out the buyers. as the home price data is important today. home prices are on the rise, lower inventory. holiday shopping, all the bargains to be had. we're watching stocks of retailers that are definitely hoping for a flurry of buyers that are hoping to get those post holiday buyers. >>> newtown, connecticut, police department, the entire force got the day off. cops from surrounding towns volunteered to cover their shift. newtown police have been working nonstop since 26 people
a pound. my wife from japan tracks those things very carefully. i'm very proud of her as a shopper, but i hear about it consistently. adam: keith, i'm adam shapiro. i want to know where do you get the figures that inflation is at 20%? give me where that comes from because that seems pretty pretty high to at least my ears. >> you bet. i think that if you look at a couple different sources. you can track it individually. you can look at what your health insurance premiums are doing, your education bills but y favorite site is something called shadow stats, they track cpi and it varies between 8, 10, 12 percent depending on which versions you use. because every administration seems to adjust those figures to proactively reflect and keep them down. and the government has every incentive to do that because cost of living increases are tied to that, military spending is tied to that, a lot of things are tied to cost of livings increases that are in fact tied to inflation. david: let's face it, the federal reserve has become a branch of the u.s. government essentially. it's supposed to be a pri
fidelity. now get 200 free trades when you open an account. dagen: japan's new prime minister vowing to tighten ties with the u.s. as he works to revive the economy. some worry he will pay little attention to funds needed for growth. how does that sound familiar. the japanese market light to the news. the nikkei trading higher today. let's take a look at the ten year treasury. a gauge of how much work the federal reserve is doing by those very treasuries. it is down a little bit today. four more on that, let's bring in chris aarons from ubs. fiscal cliff, what happens to interest rates long-term? >> over the short term, they will respond to the movement in the equity market. today, we are seeing a bit of a down movement. since august, bond yields have traded 155 2185. right now, they are sitting on a 200 day moving average. i think for now, we are waiting to see what happens in washington. dagen: there is so much of the burden put on the federal reserve. >> i agree. there is a cap on rates. one of the things they could do is cap rates to the purchase operation. dagen: you do not thin
in anyone's backyard particularly since the tsunami in japan. the other problem is cost. said it cannot be competitive with natural gas. general electric is a company that builds nuclear power plants. you could make nuclear power work if you accepted as a sunk cost in the future. that is what the chinese are doing. they are building 32 new nuclear power plants to fund the country's future. the indians are building 17. yes, a different set of policies in this country and in europe might make nuclear power the hope of the future. host: let's bring the concept of the all-important dollar back into the equation. with budget matters in this country, do you see money being invested into these great big ideas? guest: these things are always economic issues in the end. what venture capitalist and entrepreneurs want to commercialize. i would say we have to invest in them. if we did not invest in them, we will pay for them later. the time to make inroads into creating a clean energy is now rather than having to clean up the mess of an overheated plan et. there is a plate of dementia or an emergin
has been putting pressure on the bank of japan to raise its inflation target in hopes of extricating the country from two decades of deflation. i guess if you just raised the target -- >> that would help. >> okay. >> it doesn't matter what your target is if you can't hit it. >> we found that out here. >>> meantime, in europe markets are closed for the boxing day holiday. seems weird to do it just for a bunch of people to -- >> box up the gifts and return them. >> it's not a -- >> bad, i know. >> it is boxing. what kind of boxing are we -- boxer rebellion? >> i've never understood boxing day. >> we have to look it up. >> i literally have no idea. >> or it's on google. no, is there anything on google that is different? let me see. just a regular -- >> is there their our way to figure out what's going on in the world? >> yeah. google, whatever it has. as for the broader markets, let's take a quick look at oil. just been quiet. 89, sort of 85 to 90 for a while. yeah, google's back at its normal look today. the ten year at 1.777. the dollar which has been fun to watch, one of the areas wh
, there, joe. japan has another new prime minister. he was elected today by the japanese parliament as the country's seventh prime minister in six years. he had resigned in 2007 after just a year on the job triggering the revolving job of prime ministers. he wants to defend japanese interests especially territorial disputes with china. >>> and at least one person was killed and dozens more are seriously injured from an explosion and fire in a nigeria marketpla marketplace. the flames spread quickly and triggered a stampede which caused a number of injuries. >>> and police say andrew jones faces battery charges after a christmas morning domestic dispute with his wife. he posted bond several hours later. jones played for the atlanta braves from 1996 through 2007. and then he bounced between teams until recently when he signed a one year contract with the japanese team. and no surprise here, "les miserables" opening was far from miserable. it grossed $17.5 million on its one day holiday debut. and not far behind, quinn ten tarantino's film with just under $11 million. so it sounds like
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